Introduction of student loans elates UNZASU

The University of Zambia Students Union (UNZASU) has hailed government for the progress in has made regarding the scrapping of the national student’s bursaries scheme and replacing by the student’s loan facility which will carter for a large number of vulnerable students.

UNZASU president Ali Tankara told ZANIS in an interview today that the move will instil a sense of responsibility in beneficiaries as they will have the onus to pay back the loan.

Mr. Tankara said the loan scheme will benefit a cross section of students ranging from freshmen to in-service students and others wishing to undertake advanced programmes.

He said the current bursaries scheme disadvantages other students who may not be orphaned but are vulnerable as it provided for only students who qualify by means of being orphaned.

Mr. Tankara said the loan scheme will also help improve the standard of the education system not only to students but to the country as a whole.

Last year, government announced that it would scrap off the national students’ bursaries scheme and replaced it by the students’ loan facility.

Government yesterday reported that it has made progress in this area and that the facility will be effective in June this year.

Meanwhile, the UNZASU president has expressed happiness towards government’s completion of renovation works of students’ hostels at the country’s highest institution of learning.

He was optimistic that through the ongoing Public Private Partnership (PPP) initiative that will see the creation of 10,000 bed spaces, government will be able to permanently address the student accommodation crisis.

The University of Zambia has for a long time been facing accommodation challenges which the current government is trying to address.

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